Obama Wants your Tax Opinion! Are you Freaking Serious?

Obama Wants your Tax Opinion! Are you Freaking Serious?

This is not a Personal Finance or Estate Planning post, but rather is part of “Are you Freaking Serious Fridays” where I take the last day of the week just simply to bitch and complain about whatever topic I feel is necessary to complain about.

President Obama has asked the President’s Economic Recovery Advisory Board (PERAB) to develop options for tax reform. The members of the tax subcommittee are preparing ideas to be considered by the board and would like to give anyone a chance to have input into the process on this important issue. Anyone wanting to share ideas and opinions for consideration by the subcommittee can do so here. The deadline for submissions is October 15th, 2009.

Note: The mandate to the PERAB is NOT to recommend a new tax system. They are to consider ideas on tax simplification, better enforcement of tax law, and reforming corporate taxes and to present the pros and cons of potential tax options. They were instructed not to consider options that involve raising taxes on families making less than $250,000 per year. So be mindful of their constraints when submitting ideas.

In general, the tax subcommittee will post all comments online for others to examine and those suggestions may spur other people’s ideas. All statements, including attachments and other supporting materials, received are part of the public record and subject to public disclosure. You should submit only information that you wish to make available publicly. Please do not submit materials exceeding five single-spaced pages of text. If submitting via e-mail, please send to perab@do.treas.gov. Please also include a cover sheet including the submitter’s name and organization, type of organization (individual, business, government, non-profit organization, or association), submission date, and contact information.

Thank you for your help.

Three questions have to asked:

I am really expected to believe that there is some economist reading this open invitation to talk about tax?

If I have tax ideas, why do they have to be restrained by the President’s campaign lies er…promises?

Do these alleged economists really believe that there is going to be some magical e-mail that they haven’t been taught or know about?

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Evan is the owner of My Journey to Millions which was started to track his journey from a broke debt ridden law school graduate to building a positive balance. Need more Evan? Follow him on Twitter, Contact him or get new posts directly to your email

3 Comments

More nonsense from this administration. I’m becoming more and more convinced that he really didn’t expect to win the Presidency, and therefore has no idea how to govern. These ideas are really some of the worst I’ve seen in the history of the office.

My Journey to Millions

My Journey to Millions is an 8 year old personal finance blog focused on topics including basic personal finance issues, advanced insurance planning, high net worth estate planning. In addition, there is a particular focus on dividend growth investing and option trading.